The Japanese Yen gained some ground compared to the US Dollar in early trading on Monday, ahead of US President Donald Trump’s inauguration. Speculations that the Bank of Japan (BoJ) will hike rates kept the USD/JPY lower, trading near 155.60, down over 0.44%.
Markets have also focused on a speech by Ueda’s deputy last week that was widely interpreted as suggesting that conditions would now justify an increase. The yield on the benchmark 10-year Japanese government bond rose to 1.25 per cent — the highest since April 2011 — in the wake of his comments.
The dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump's presidential inauguration and clarity on the course of the incoming administration's policies.
Recent remarks from BOJ Governor Kazuo Ueda and his deputy Ryozo Himino have made clear that a hike will at least be discussed at next week's policy meeting. Markets see about a 79% chance of a 25-basis-point increase.
TOKYO -- Incoming U.S. President Donald Trump, who in his first term accused Japan of manipulating the yen, would do well ... a former Japanese vice minister of finance for international affairs ...
Japanese Yen was the strongest against the US Dollar ... The markets turn cautious as President-elect Donald Trump will be inaugurated later on Monday. The US market is closed on Monday due ...
The Japanese Yen rallied more than 0.9% against the U.S. Dollar since the start of the week with USD/JPY pulling back from technical resistance on the heels of yesterday’s CPI print. Support is in view and the focus is on possible price inflection ahead ...
The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike sent it tumbling to a near one-month low against the Japanese currency.
The dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential ... along with Japanese data that ...
Rising confidence for a Bank of Japan rate hike sent the greenback to a near one-month low against the yen. The US dollar ... That’s when Donald Trump returns to the White House with some ...
NEW YORK (Reuters) - The U.S. dollar weakened against the yen on Thursday ... we get through Monday," said Sahota. That's when Donald Trump returns to the White House with some policies analysts ...
NEW YORK (Reuters) -The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S ... but in a holding pattern here until we get through Monday," said Sahota. That's when Donald Trump returns to the White House with some policies ...